The Daily Docket: Mutual Fund Appeals Stockton Bankruptcy Ruling

Mutual fund giant Franklin Templeton Investments is appealing a judge’s decision to allow the city of Stockton, Calif., to exit bankruptcy under a plan that pays Franklin-managed funds a fraction of the $37 million owed them but makes full payments for the city’s pensions. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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Trump Entertainment Resorts Inc.’s last remaining Atlantic City boardwalk casino, the Trump Taj Mahal, is almost certainly going to close, DBR reports via the Journal.

Altegrity Inc.’s senior creditors in July negotiated a “make-whole” provision designed to increase their odds of a large payout if the company files for bankruptcy, according to WSJ.

The Caterham Formula One team is set to return to the starting grid at the Abu Dhabi Grand Prix later this month thanks to a little help from its fans, WSJ reports.

Morgan, Lewis & Bockius LLP voted to hire the majority of partners at Boston law firm Bingham McCutchen LLP, the Journal reports.

Caesars Entertainment Corp on Friday cited “substantial doubt” about the ability of the casino company’s main operating unit to survive past next year without restructuring its debt, Reuters reports.

Buyers of distressed loans are watching China’s property market closely as debt soars and growth falters, Bloomberg reports.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23.